Investing.com – Volvo should explore more ways to cooperate with sister brands such as Polestar and Geely, and strengthen its R&D capabilities in China, Volvo Cars and Geely Holding Chairman Li Shufu said on Tuesday.
“Operating in isolation will ultimately lead to self-destruction, and to being phased out,” Li Shufu said at Volvo Cars’ annual general meeting of shareholders, noting that the company last year recorded impairment losses of more than $1 billion.
Li Shufu said the board is actively addressing these challenges and is committed to finding viable solutions as soon as possible.
During the meeting, Li Shufu said that brand strength remains one of Volvo Cars’ most important assets. He said Volvo Cars should adopt proven strategies, such as strengthening its R&D capabilities in China, and leveraging the foundation of China’s intelligent electrification industry.
Li Shufu said that Volvo Cars’ asset impairment suffered in 2025 highlights the urgency of global cooperation.
This article was translated with the assistance of artificial intelligence. For more information, please refer to our Terms of Use.
吉利董事長は、ボルボは姉妹ブランドとの協力を深めるべきだと述べました。
Investing.com – Volvo should explore more ways to cooperate with sister brands such as Polestar and Geely, and strengthen its R&D capabilities in China, Volvo Cars and Geely Holding Chairman Li Shufu said on Tuesday.
“Operating in isolation will ultimately lead to self-destruction, and to being phased out,” Li Shufu said at Volvo Cars’ annual general meeting of shareholders, noting that the company last year recorded impairment losses of more than $1 billion.
Li Shufu said the board is actively addressing these challenges and is committed to finding viable solutions as soon as possible.
During the meeting, Li Shufu said that brand strength remains one of Volvo Cars’ most important assets. He said Volvo Cars should adopt proven strategies, such as strengthening its R&D capabilities in China, and leveraging the foundation of China’s intelligent electrification industry.
Li Shufu said that Volvo Cars’ asset impairment suffered in 2025 highlights the urgency of global cooperation.
This article was translated with the assistance of artificial intelligence. For more information, please refer to our Terms of Use.